Dudani Retail IPO 2026: Price, GMP, Dates, Allotment & Listing Details

Dudani Retail SME IPO allotment status

Allotment was finalised on 30 September 2026. Check your status on the registrar site.

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Dudani Retail Limited IPO
DR
Dudani Retail Limited IPO
Apparel & Lifestyle Brand · Divena Ethnic Wear · Licensed Manufacturing · Jaipur, Rajasthan
📋 BSE SME IPO Fresh Issue Only BSE SME
₹29
Issue Price
₹10.54 Cr
Issue Size
Oct 5, 2026
Listing Date
₹19.57 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Friday, 25 September 2026
Bidding started — currently open for subscription
🔒
IPO Closes
Tuesday, 29 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 30 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Thursday, 1 October 2026
Unallotted funds returned; shares credited to demat
🏷️
Monday, 5 October 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date25 September 2026 (Fri)
IPO Close Date29 September 2026 (Tue)
Listing Date5 October 2026 (Mon)
Face Value₹10 per share
Issue Price₹29 per share
Issue TypeFixed Price IPO — Fresh Only
Lot Size4,000 shares (Min App: 2 Lots / 8,000 Shares)
Total Issue Size36,36,000 shares (₹10.54 Cr)
Fresh Issue36,36,000 shares (₹10.54 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Market Maker Portion1,84,000 shares (₹0.53 Cr)
Net Offered to Public34,52,000 shares (₹10.01 Cr)
Pre-Issue Shares67,50,000
Post-Issue Shares1,03,86,000
Promoter Holding (Pre)100.00%
Market Cap (Pre-IPO)₹19.57 Cr
Listing ExchangeBSE SME
Lead ManagerFinshore Management Services Ltd.
RegistrarMaashitla Securities Pvt.Ltd.
Market MakerPrabhat Financial Services Ltd.
💰 Lot Size & Minimum Investment
At fixed price ₹29
Investor TypeLotsSharesAmount
Retail — Minimum28,000₹2,32,000
Retail — Maximum28,000₹2,32,000
HNI (NII) — Min312,000₹3,48,000
⚠️ Note: Investors can bid for a minimum of 8,000 shares (2 lots) and in multiples of 4,000 shares thereafter. Market Maker reservation comprises 1,84,000 shares allotted to Prabhat Financial Services Ltd.
👥 Investor Reservation
Allocated portion of Net Offer
50.06% (17.28 L Sh)
Retail Portion
49.94% (17.24 L Sh)
NII / HNI Portion
📊 Live Subscription Status
Day 2 · Sep 28, 2026 11:49 IST
0.17x
Total
0.31x
Retail
0.03x
NII
📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets17.0114.2810.59
Total Income24.5925.2925.13
PAT1.901.780.99
EBITDA2.972.861.81
Net Worth10.308.406.62
Reserves & Surplus3.551.654.62
Total Borrowing4.824.033.53
Income Growth
FY 2023–24₹25.13 Cr
FY 2024–25₹25.29 Cr
FY 2025–26₹24.59 Cr
🎯 Key Performance Indicators
18.46%
ROE
Mar 31, 2026
0.47
Debt/Equity
Mar 31, 2026
25.88%
ROCE
Mar 31, 2026
7.73%
PAT Margin
Mar 31, 2026
12.07%
EBITDA Margin
Mar 31, 2026
18.46%
RoNW
Mar 31, 2026
1.90x
Price/Book
Mar 31, 2026
15.26
NAV
Mar 31, 2026
⚖️ Valuation & EPS
Pre-IPO EPS
₹2.82
FY26 earnings + pre-issue shares
P/E: 10.28x
Post-IPO EPS
₹1.83
FY26 earnings + post-issue shares
P/E: 15.85x
Price to Book Value
1.90x
At fixed price ₹29
Market Cap (Pre-IPO)
₹19.57 Cr
At issue price ₹29
ℹ️ Pre-IPO EPS (₹2.82) based on pre-issue shares (67,50,000) and FY26 restated PAT (₹1.90 Cr). Post-IPO EPS (₹1.83) accounts for the dilution resulting from the issuance of 36,36,000 fresh equity shares extending the total post-issue equity to 1,03,86,000 shares. Post-IPO Market Cap expands to ₹30.12 Cr at the fixed issue price of ₹29.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding Capital Expenditure towards purchase of machinery for expansion and upgradation of existing manufacturing facility
₹0.79 Cr
2
Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the company
₹3.00 Cr
3
To meet Working Capital Requirements
₹3.97 Cr
4
Strategic initiatives, partnerships, joint ventures and acquisitions; Brand building, marketing and general corporate purposes
₹1.50 Cr
5
Issue Expenses
₹1.29 Cr
Total Fresh Issue Goal ₹10.54 Cr
🏢 About Dudani Retail Ltd.
Est. 2015 · Jaipur, Rajasthan · Apparel & Lifestyle Manufacturing

Dudani Retail Limited, incorporated in December 2015, is an apparel and lifestyle enterprise engaged in the design, manufacturing, sourcing, and distribution of apparel products through a hybrid model comprising own-brand operations, licensed marketplace manufacturing, and supply arrangements with Quick-Commerce platforms.

The company’s flagship own-brand operation is “Divena”, focused on women’s ethnic and fusion wear spanning suit sets, kurtas, dresses, kaftans, co-ord sets, and sarees. In addition, it markets men’s apparel under “Millennial Men” via an asset-light sourcing model and selectively trades in personal care goods under “Cosse”. Alongside its own labels, the company carries out licensed contract manufacturing for prominent e-commerce fashion labels including Roadster, Kalini, Taavi, Anouk Rustic, Corsica, and All About You on a just-in-time basis. Production operations are anchored at its manufacturing unit in Jaipur, Rajasthan, which handles cutting, stitching, pressing, quality checks, and dispatch. Products are retailed across major online portals including Myntra, Amazon, Flipkart, Ajio, Nykaa Fashion, Tata Cliq, and Snapdeal. As of August 31, 2026, the company employed 33 permanent staff supported by 35 temporary personnel.

Brand Ecosystem
👗
Divena Ethnic Wear
Proprietary brand catering to women’s ethnic and contemporary fusion fashion across major e-commerce platforms.
👕
Licensed Manufacturing
Contract production for leading marketplace private labels including Roadster, Kalini, Taavi, and Anouk.
⚡
Quick-Commerce Supply
Dedicated sell-or-return delivery arrangement supplying fast delivery hubs for immediate retail fulfilment.
🏭
Jaipur Manufacturing Unit
Integrated facility managing in-house cutting, stitching, finishing, quality checking, and dispatch.
Competitive Strengths
🏆Multi-channel presence across own-brand D2C, e-commerce marketplaces, and quick-commerce channels.
🤝Established manufacturing relationships with major fashion portals for licensed label execution.
📊Asset-light model adopted for men’s wear and lifestyle trading lines, ensuring capital efficiency.
📈Solid return profile characterized by a 18.46% ROE and 25.88% ROCE for the fiscal year ended March 31, 2026.
Company Promoters
AD
Akshay Dudani & Charu Dudani
Promoters, Dudani Retail Ltd.
📅 Key Dates
IPO Opens25 Sep 2026
IPO Closes29 Sep 2026
Allotment30 Sep 2026
Refund & Share Credit1 Oct 2026
Listing Day5 Oct 2026
💡 Quick Summary
Issue Price₹29 / share
Issue TypeFixed Price Issue
Lot Size4,000 shares
Min. Investment (Retail)₹2,32,000 (2 Lots)
Issue Size₹10.54 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Maashitla Securities Pvt.Ltd.
📞 011-45121795
[email protected]
Lead Manager
Finshore Management Services Ltd.
📍 Registered Address
Dudani Retail Ltd.
F-93, 3rd Floor, Kartarpura Industrial Area,
22 Godamjaipur, Station Road,
Jaipur, Rajasthan — 302006
📞 +91 8690532399
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/DRHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Dudani Retail IPO DRHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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